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| Exchange Disseminated Time | Motilal Oswal Investment Advisors Pvt Ltd ("Manager to the Buy back") on behalf of Jindal Poly Films Ltd ("Target Company") has informed this Announcement of completion of additional 5% of the proposed Buyback of Target Company, which is in continuation of & should be read in conjunction with the "Public Notice cum Public Announcement" published on November 02, 2011 & Corrigendum to the Public Announcement published on November 22, 2011.
The shareholders of the Target Company may note that on December 09, 2011, Target Company has purchased a total of 4,00,000 Equity Shares from the Open Market which is 10.00% of the maximum quantity (i.e. 40,00,000 Equity Shares) proposed for the Buy-back. The aggregate total equity bought back during the fortnight from November 25, 2011 to till December 09, 2011 is 24,47,896 equity shares i.e. 61.20% of proposed maximum Buy-back quantity, with 1269437 equity shares purchased through the Bombay Stock Exchange Ltd and 11,78,459 equity shares purchased through the National Stock Exchange of India Ltd (NSE). The total amount that has been spent on the Buy-back during the fortnight from November 25, 2011 to till December 09, 2011 is Rs 42.88 crore which is 30.63% of the maximum amount (i.e. Rs. 140 crore) proposed for the Buy-back. |
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